Non-ferrous metals stocks rose across the board. As of press release, Zhaojin Mining (01818) rose 6.38% to HK$7.84; Jinli Permanent Magnet (06680) rose 6.33% to HK$7.06; and Ganfeng Lithium (01772) rose 5.58% to HK$20.8.
The Zhitong Finance App learned that non-ferrous metals stocks rose across the board. As of press release, Zhaojin Mining (01818) rose 6.38% to HK$7.84; Jinli Permanent Magnet (06680) rose 6.33% to HK$7.06; Ganfeng Lithium (01772) rose 5.58% to HK$20.8; Luoyang Molybdenum (03993) rose 3.85% to HK$4.32; Jiangxi Copper (00358) rose 3.79% to HK$10.96.
According to the Zhongtai Securities Research Report, non-ferrous commodities will enter another round of “resonance upward” and continue to focus on recommending the three major varieties of aluminum/copper and gold. The resilience of the US economy stems from non-manufacturing industries such as services. With continued interest rate hikes and savings consumption, its resilience will eventually be broken. The job market has given a clear signal: 23Q4-24Q1 may be an important inflection point, and long-term real interest rates in the US will also begin a downward trend. More broadly, concerns about US dollar credit and the subsequent rise in central bank gold purchases will push gold prices to new heights.